Restaurant/wine bar group Vinoteca is to open an ambitious new venue in the heart of the City – a move described as a ‘no-brainer’ by the group’s head, Charlie Young.
The new venue will be located in the Bloomberg Arcade, an undercover pedestrianised area linking the two nine-storey buildings that form Bloomberg’s high-profile new offices. Situated between the Bank of England and St Paul’s Cathedral on Queen Victoria Street, the Arcade will be home to 10 restaurants.
At 3,500 square feet (including outside space), it is a similar size to Vinoteca’s venue at King’s Cross, though a mezzanine level, for use either as an overflow or private space, increases the overall usable area to 4,500 square feet.
The venue will follow the tried-and-tested Vinoteca formula of seasonal food, plus lots of competitively-priced wine by the bottle, glass, keg and box.
But the venue will also have an extra ‘Wine Ledger’ of about 40 hard-to-find, unusual (often older) wines bought in small quantities and not necessarily renewed when they sell out. Young cites the likes of AA Badenhorst Family Red 2007, Felton Road Block 5 Pinot Noir 2009 and Allegrini’s La Poja 2008 as examples of Ledger wines.
‘In general, it’s not a great time to be opening in London as rents keep rising and Brexit has led to uncertainty in the market,’ said Young. ‘But when sites such as this come up, with an open-minded and thoughtful landlord such as Bloomberg, it becomes a no-brainer.’
The group took possession of the venue in June this year and expect to have it fitted out by mid-autumn.